The $4.3 billion Alaska USA Federal Credit Union has been recognized as Alaska's 2010 SBA 504 Lender of the Year.

The recognition is given to the lender with the highest number of approved loans as of the program's year-end date of Sept. 30. The Alaska USA business and commercial services team has earned the award two years in a row, according to the credit union.

The SBA's 504 program provides long-term, fixed-rate, subordinate mortgage financing for acquiring or renovating capital assets including land, buildings and equipment.

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